The global crypto market has continued to grow in value as it is recovering from the recent losses. The latest data for Bitcoin, Ethereum, and others shows that the market is bullish. As the market moves forward, it will bring investors considerable gains, as evident from bullishness. The market continues to be adding further, but it would have to consolidate value for lasting gains.
Some big investors have continued to predict the further losses of Bitcoin. One of these is Robert Kiyosaki, who has continued to predict lows for Bitcoin. Even though it has stayed in a specific range, not losing the crucial strength, Kiyosaki has continued to predict bearishness. He has repeated his claim that Bitcoin will continue to lose value as it will reach $1,100.
If it happens, the market will emaciate further as it has already lost more than $2 trillion in recent months. The current bullish trend shows that there is little chance for these lows.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and other altcoins.
BTC nearing $20K
According to the recent technical analyses from experts, the changes for Bitcoin show that the bearishness can strengthen. Though it has shown a strengthening pattern, it is likely to reach the crucial level of $20K. How it will perform in the coming hours is yet to be seen.
The latest data for Bitcoin shows that it has added 2.39% over the last day. In comparison, the losses for the last seven days are about 7.81%. The changing pattern shows that Bitcoin might improve in the coming hours.
The price value for Bitcoin is in the $19,440.96 range. If we look at the market cap value for Bitcoin, it is estimated to be $370,981,008,597. The 24-hour trading volume of this coin is about $31,831,176,520.
ETH continues to touch highs
Ethereum has seen a bearish trend recently as the changes in the market continue. Recent updates show that large-scale whale purchases have accompanied the total 39% decrease in value. The current data shows that it is on the way to improvement.
The changes in the value of Ethereum show that it has added 4.62% over the last day. In comparison, the past week shows bearishness as it has shed 11.82%. The positive increases show its strengthening value.
The price value for ETH is in the $1,070.71 range and is enhancing. The market cap value for this coin is estimated to be $129,952,008,254. The 24-hour trading volume of this coin is about $18,189,210,633.
NEAR growing gradually
Near Protocol is also seeing improvements as it has added 4.47% over the last 24 hours. The changes in weekly performance show that it is -11.145. The price value for Near has fluctuated recently, but it is improving as it reached $3.37.
The market cap value for this coin is about $2,440,569,517. The 24-hour trading volume of NEAR is about $242,303,084. The same amount in its native currency is about 71,928,940 NEAR.
ALGO trying to improve
Algorand has also improved by adding 3.35% over the last day. The comparative performance for the last seven days shows 12.16%. The changing performance shows that its price value has reached $0.3071. The changing influx has helped it enhance its performance.
The market cap value for ALGO is estimated to be $2,125,139,181. The 24-hour trading volume of this coin is about $141,040,509. The circulating supply of this coin is about $6,902,545,293 ALGO.
The global crypto market has continued to fluctuate as the influx of capital has changed. If we look at the market performance for the last few days, it shows changes in the value of Bitcoin and other major names. The global market cap value has also seen changes as it is currently estimated to be $874.28 billion. The changes show that the market might continue to waver as the global economy has seen no stability.